340 Aberdeen Avenue – Property Summary
Key Characteristics & Buyer Profile
This 840 sqft home on a 3,000 sqft lot was built in 1888. Its assessed value is $191,000.
The property sits in Winnipeg’s William Whyte neighbourhood. Its main appeal is value within an older, established area. The assessed value is above the neighbourhood average ($149,100) and ranks in the top 20% locally. This suggests the home may have been updated or is in better condition than many nearby properties. However, its living area is below both the street and city averages (840 sqft vs. 1,025 on the street, 1,342 citywide). The land size is modest but typical for the area.
This would suit a buyer looking for an affordable entry point into a central neighbourhood, someone willing to work with a smaller footprint in exchange for lower cost and a solid lot. It may also appeal to investors seeking a property with relatively strong assessed value relative to its neighbours. The 1888 build year means older construction, which could bring charm or maintenance needs depending on updates.
Five Frequently Asked Questions
1. How does the assessed value compare to the property tax I’d pay?
Assessed value is the city’s estimate of market value used to calculate property taxes. At $191,000, this is above the local average, so taxes will likely be proportionate. Check with the City of Winnipeg for the current mill rate and any phase-in rules for new owners.
2. Is the 840 sqft living area unusually small for Winnipeg?
It’s below the citywide average of 1,342 sqft for comparable homes, but not extreme. In the William Whyte neighbourhood, it’s also below the local average of 1,158 sqft. That said, many older homes in central Winnipeg have similar or smaller footprints—this isn’t unusual for a pre-1900 property.
3. What should I expect from a home built in 1888?
You can expect thick plaster walls, potentially original woodwork, and a layout that reflects the era (smaller rooms, no open concept). Systems like electrical, plumbing, and insulation may need updating. A thorough home inspection is essential—particularly for foundation, knob-and-tube wiring, and lead pipes.
4. How does the 3,000 sqft lot compare to other properties in William Whyte?
It’s slightly below the neighbourhood average of 3,277 sqft but close to the street average of 3,265 sqft. For citywide context, the average lot in Winnipeg is much larger at 6,570 sqft. In this neighbourhood, a 3,000 sqft lot is typical and should offer a manageable yard without being overly large.
5. Does the ranking data mean the property is overpriced or a good deal?
The rankings show this home is above average in assessed value locally, but below average in size. That could mean the price reflects condition or updates more than square footage. It’s not a red flag, but you should compare it to recently sold homes nearby—not just assessed values—to gauge whether the price is fair for the actual market.